Macro Analysis /

Israel: Cabinet approves budget for 2021-2022

    2 August 2021
    • Budget needs to pass Knesset approval by Nov 4 to prevent government from collapsing
    • Knesset expected to pass bills in first reading in early September
    • Government targets budget deficit of 6.8% of GDP in 2021 and 3.9% in 2022
    • Cabinet also approves package of reforms as part of Arrangements Bill